Further to Canfor Corporation’s announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has completed the purchase of three sawmills located in Sweden from Bergs Timber.
While Vida is purchasing four plants, Bergs Timber will continue to exist in its current form. The purchase price amounts to SEK 303 million. The acquisition affects approximately 150 employees, which includes sawmill personnel and raw material purchasing personnel, who will be offered continued employment with Vida.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (“BC”), Canada, with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas, as well as in Sweden with its majority acquisition of Vida Group.
